April 19 (Cointime) - Cryptocurrency exchange Kraken announced that it has successfully registered with the Central Bank of Ireland (CBI) as a Virtual Asset Service Provider (VASP), the license will allow the firm to operate in Iceland legally.

Kraken said in a blog post that the approval shows that it adheres to strict anti-money laundering and terrorism financing rules and added that the license is proof of its robust compliance.

“Clear and effective regulation is essential for the mainstream adoption of cryptocurrencies. As we bring innovative products and services to market, we’re committed to continuing to work with European regulators to operate compliantly under sensible, forward-looking crypto asset regulation,” said Mark Jennings, Kraken’s Head of European Operations. “We’ve always put our clients first and believe in offering a compliant trading experience that leverages industry-leading customer service, robust security protocols, and a market-leading position in liquidity and volume for EUR crypto pairs.”